PSX off new all-time high as late profit-taking weighs

The Pakistan Stock Exchange hit a new high before dropping due to late selling by investors. The optimism over reduced interest rates and economic stability led to a multi-session rally. The forecast of further drops in inflation and interest rates by the Finance Minister boosted economic hopes. Saudi Arabia’s $2 billion agreements with Pakistan also contributed to positive sentiments. Index-heavy stocks like automobile manufacturers and banks were popular among investors. The government’s economic reforms were praised, with inflation dropping to single digits. Despite the rally, stocks are still considered to have potential value for investors.